Latest News Hot off the Press

December 13, 2018

Silicon Valley is creeping onto the big banks’ turf. Today, for example, brokerage app Robinhood is rolling out a bank-like checking and savings service that pays surprisingly high interest rates.

Robinhood says these services will offer 3% interest, which tops every other instant-access online savings product in the US, according to Bankrate. The accounts are backed up to $250,000 by the Securities...

December 11, 2018

Fintech company Plaid just hit a key Silicon Valley milestone: a multibillion dollar valuation.

The start-up announced a $250 million funding round on Tuesday, led by Kleiner Perkins’ partner Mary Meeker, who will also be joining Plaid’s board. Andreessen Horowitz and Index Ventures were among the new investors while former backers Goldman Sachs, NEA and Spark Capital also participated.

The cash...

October 22, 2018

JPMorgan is to open a 'fintech campus' in Silicon valley, housing 1000 employees and rubbing shoulders with Big Tech giants such as Facebook and Google.

Located at Stanford Research Park in Palo Alto, the new innovation hub is set to open in 2020.

The construction of the campus follows JPMorgan's acquisition earlier this year of WePay, which hopes to rival PayPal and Stripe in the digitisation of p...

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